12/01/2015 (Reuters) - Palm oil prices on the European vegetable oils market edged back on Friday after a strong recent run-up but remained underpinned by concerns that heavy rains in Malaysia had curbed production in the world's number two producer.

"Palm oil tended slightly lower on profit-taking," one European broker said.

Crude palm oil (CPO) for February shipment was offered at $705.00 a tonne, down $10 from the prior day but still $30 above levels quoted three weeks ago.

"Recent floods on the East Coast of peninsular Malaysia may result in CPO production declining up to 15 percent for the month of December," an attache report issued by the U.S. Department of Agriculture said.

"The three States most affected by the flooding account for about 17 percent of total national production," it added.

Prices for laurics also fell back after a recent strong advance, prompting active trading in both palmkernel oil and coconut oil. EUROPEAN VEG OILS TRADES CIF Rotterdam unless otherwise stated

RAPEOIL Dutch/EU euro tonne fob exmill

Feb/Apr 667

PALM OLEIN RBD dlrs tonne fob Malaysia

Apr/Jun 677.50/675/672.50/667.50, Oct/Dec 642.50

CRUDE PALM OIL Sumatra/Malaysia slrs option dlrs tonne

Apr/Jun 725

COCONUT OIL Phil/Indo dlrs tonne

Feb 1175, Mar 1170/1165, Feb/Mar 1165, Mar/Apr 1165, Apr/May 1170/1165

PALMKERNEL OIL Mal/Indo dlrs tonne

Jan/Feb 1030, Feb/Mar 1040, Apr/May 1045, May/Jun 1035, Jun/Jul 1035, Aug/Sep 1040, Sep/Oct 1040